Assetline Leasing granted finance company license under Central Bank
Assetline Leasing Company, a specialized leasing company in Sri Lanka was recently granted a finance company license under the Central Bank of Sri Lanka’s Non-Bank Financial Institutions Sector Consolidation Plan.
The Company will now be known as “Assetline Finance Limited” (Assetline). The flagship company of the David Pieris Group’s financial services cluster, Assetline was incorporated in 2003 and registered with CBSL as a specialized leasing company.
The Company was initially established to provide leasing to facilitate lower income, rural populations to purchase three-wheelers, two-wheelers and small vehicles. Today, Assetline has expanded its portfolio to include all lending products and its clientele to cover SME’s.
Assetline Chairman Rohana Dissanayake and Chairman and Managing Director the David Pieris Group said, “In the past 19 years, the Company has grown from small beginnings to be a leader in the industry, built on a reputation of trust, transparency and values that are inherent in the David Pieris Group of Companies”.
Ashan Nissanka, CEO and Director of Assetline said, “We are confident that the change to a finance company will fuel our growth and long-term sustainability. The Assetline team is highly motivated and energized as we move to the next chapter of our Company’s history. There is much for our customers and other stakeholders to look forward to with Assetline in the near future. The transformation to the finance business will happen over the next few months.”.”
There is much for our customers and other stakeholders to look forward to with Assetline in the near future. The transformation to the finance business Assetline has always been the leader in facilitating first and last mile transportation and has earned an impeccable track record of good governance, ethics and commitment to their customers.
Their commitment to financing the common man’s vehicles, encouraging entrepreneurship and small-scale industry through leasing of vehicles and equipment has not just been the hallmark of the Company’s success but also a vital catalyst for rural development.